Economy: Economic News, Policy & Analysis - The Washington Post: Wonkbook: The economics of gay marriage

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Wonkbook: The economics of gay marriage May 15th 2012, 12:00 Don't think of gay marriage as a cultural issue. Don't think of it even as an equality issue. Don't even think of it as a political issue. Think of it, just for a moment, as an economic issue. In the traditional view of marriage, write economists Betsey Stevenson and Justin Wolfers, "the joining of husband and wife yields a more productive firm, because it allows one spouse to specialize in earning income from working in the market, while the other specializes in the domestic sphere. The division of labor allows for greater productivity, just as it does in the workplace. The different skills required for these separate roles provide an economic rationale for the advice your grandmother may have offered, that 'opposites attract.'" Romantic, right? Read full article >>

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